secwatch.observer — SEC 8-K summary
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Issuer:     HWH International Inc. (HWH)
CIK:        0001897245
Form:       8-K
Filed at:   2026-02-06T23:59:59+00:00
Accession:  0001493152-26-005418
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HWH International to acquire 99.55% of Hapi Metaverse from parent Alset for $19.9M via convertible note
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- Purchase price $19.9M in convertible promissory note at $1.85 conversion price, 1% interest, 5-year term.
- Transaction is related-party; Alset owns ~78% of HWH; CEO/COO recused from vote.
- Hapi Metaverse holds ~45.69% of Value Exchange International (VEII) and operates retail/cafe businesses.
- Closing subject to Nasdaq no objection and shareholder approval; majority approval already received.
- Fairness opinion from Valuescope obtained; board and audit committee approved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1897245/000149315226005418/0001493152-26-005418-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1897245/000149315226005418/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-005418

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer